30 C.F.R. § 553.60
(b) If the claim you present to the designated applicant or guarantor is denied or not paid within 90 days after you first present it or advertising begins, whichever is later, then you may seek any of the following remedies that apply:
| If the reason for denial or nonpayment is . . . | Then you may elect to . . . |
|---|---|
| (1) Not an assertion of insolvency or petition in bankruptcy under 11 U.S.C. chapter 7 or 11, | (i) Present your claim to any of the responsible parties for the COF; or(ii) Initiate a lawsuit against the designated applicant and/or any of the responsible parties for the COF; or(iii) Present your claim to the Fund using the procedures at 33 CFR part 136. |
| (2) An assertion of insolvency or petition in bankruptcy under 11 U.S.C. chapter 7 or 11, | (i) Pursue any of the remedies in items (1)(i) through (iii) of this table; or(ii) Present your claim to any of the designated applicant's guarantors; or(iii) Initiate a lawsuit against any of the designated applicant's guarantors. |